MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Benchmarks
dataset. The dataset includes indices covering markets inside and outside the GCC
region. In 2012, about 27% of fund assets from the available sample data tracked indices
produced by these index providers. This figure rises to about 50% after taking out major
money market benchmarks reflecting the presence of international index providers in the
equity space. Indices created by regional firms and stock exchanges are also relatively
widely tracked.
By fund type, the most widely tracked benchmark in the GCC by money market funds is
the Saudi interbank rate (SAIBOR). The most widely tracked benchmark by equity funds
in the GCC is the Kuwait Stock Exchange Index.
Benchmarks Used by Equity and Money Market Funds in the GCC (by fund assets)
(June 2012)
Top Equity Benchmarks
Top Money Market Benchmarks
KSE
14.00%
S&P S.A.
Shariah
13.15%
KIBOR
2.07%
Other
8.91%
Other
52.77%
TASI
4.00%
KIC
6.15%
S&P
Shariah
5.36%
S&P S.A.
LargeCap
4.57%
LIBOR
5.17%
SAIBOR
83.85%
Source: Lipper, a Thomson Reuters Company
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